Merchants Bancorp (NASDAQ:MBINN) Sees Significant Decline in Short Interest

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 1,900 shares, a decline of 36.7% from the July 31st total of 3,000 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.4 days.

Merchants Bancorp Trading Up 0.1 %

Shares of MBINN stock opened at $21.53 on Wednesday. Merchants Bancorp has a 12-month low of $16.31 and a 12-month high of $23.00. The business’s 50 day moving average is $21.17 and its two-hundred day moving average is $20.89.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Friday, September 13th.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.